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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (33660)2/25/2009 1:42:35 PM
From: Spekulatius  Read Replies (1) of 78731
 
Madharry - i agree. the first step would be to require a shareholder vote on executive compensation, mandatory separation of CEO and chairman role as well as independent board. That is what we have in many different countries and would not cost the taxholder anything at all, yet may be a large step to keep compensation and risk taking in check.

On a related note, the unequality in treatment of management versus grunt levels sometimes drives me nuts. I work in a public company (that I rather not disclose) close to manufacturing. When mistakes occur in the order of several thousands of $ a formal investigation is required and safeguards are supposed to put into place to prevent the same mistake from happening in the future. However, I have never seen management investigate blunders of substantial magnitude so far in a similar fashion - it seems that accountability is lesser at the top.
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